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24.03.26 - 13:42
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Li Auto Surges 4% on a $1 Billion Buyback: Is LI or NIO the Better Chinese EV Bet? (24/7 Wall St.)
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Li Auto (NASDAQ:LI) stock is up about 4% in early trading after the company announced a $1 billion share repurchase program, a move that has immediately split the investor community into two camps. LI stock closed yesterday near $17, bouncing off a 52-week low just under $16. The buyback is a bold signal from management, ... Li Auto Surges 4% on a $1 Billion Buyback: Is LI or NIO the Better Chinese EV Bet?
The post Li Auto Surges 4% on a $1 Billion Buyback: Is LI or NIO the Better Chinese EV Bet? appeared first on 24/7 Wall St.....
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20.03.26 - 18:42
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Rivian and Nio Fall 7%: The EV Dream Is Getting Harder to Sell to Investors (24/7 Wall St.)
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Rivian Automotive (NASDAQ:RIVN) stock is down 7% in Friday trading, sliding to the $15 area despite announcing a major robotaxi partnership with Uber Technologies (NYSE:UBER). Meanwhile, Nio (NYSE:NIO) stock is sliding 7% to $5.50, falling more than six times harder than the Consumer Cyclical sector, which is off only 1.04% today. Both moves tell a ... Rivian and Nio Fall 7%: The EV Dream Is Getting Harder to Sell to Investors
The post Rivian and Nio Fall 7%: The EV Dream Is Getting Harder to Sell to Investors appeared first on 24/7 Wall St.....
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19.03.26 - 08:00
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Inside China′s robotics revolution (The Guardian)
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How close are we to the sci-fi vision of autonomous humanoid robots? I visited 11 companies in five Chinese cities to find out Chen Liang, the founder of Guchi Robotics, an automation company headquartered in Shanghai, is a tall, heavy-set man in his mid-40s with square-rimmed glasses. His everyday manner is calm and understated, but when he is in his element – up close with the technology he builds, or in business meetings discussing the imminent replacement of human workers by robots – he wears an exuberant smile that brings to mind an intern on his first day at his dream job. Guchi makes the machines that install wheels, dashboards and windows for many of the top Chinese car brands, including BYD and Nio. He took the name from the Chinese word guzhi, “steadfast intelligence”, though the fact that it sounded like an Italian luxury brand was not entirely unwelcome.For the better part of two decades, Chen has tried to solve what, to him, is an engineering problem: how to eliminate – or, in his v...
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